The Minority in Parliament has projected that the Bank of Ghana’s gold losses will hit $300 million by the end of the year. This projection was made by the Member of Parliament for Ofoase Ayirebi, Kojo Oppong Nkrumah, at a press conference in Parliament on Monday, December 29. Oppong Nkrumah called for an urgent bipartisan […]
The Minority in Parliament is demanding an urgent probe into the Bank of Ghana’s $214 million losses. Addressing a press conference on Monday, December 29, the Member of Parliament for Ofoase Ayirebi, Kojo Oppong Nkrumah, called for an urgent bipartisan committee to inquire into this matter. He said, “The IMF has already mentioned that 214 […]
The government closed out its 2025 domestic borrowing calendar on a high note, recording an oversubscription in its final Treasury bill auction held on December 24. Against a target of GHC3.306billion across all tenors, the auction attracted total bids of GHC3.917 billion. Demonstrating a strategy of fiscal discipline, the government opted to accept GHC3.857billion, slightly […]
Workers of the Electricity Company of Ghana, ECG, have begun a nationwide protest through the hoisting of red flags against government’s decision to appoint a transaction advisor for the power distributor. The workers, under the Public Utilities Workers Union (PUWU) say the move could threaten the future of ECG and warn of further industrial action […]
An activist of the governing National Democratic Congress (NDC), Dela Coffie said said the Cedi has gained strength against the major trading currencies, especially the Dollar, due to the good governance and fiscal discipline of the Mahama administration. He noted that a year ago, under the previous New Patriotic Party (NPP) administration, the Cedi was […]
The International Monetary Fund (IMF) has been urged to pay attention to the Bank of Ghana’s financial statements to ensure that they accurately reflect economic reality.Development Economist and a Senior Research Fellow at the Institute of Economic Research and Public Policy (IERPP), Dr Kwasi Nyame-Baafi, said that under its safeguards assessment framework, the Fund has […]
Hearts of Oak head coach Didi Dramani has provided a positive update on the fitness of goalkeeper Benjamin Asare, confirming that the shot-stopper is edging closer to a return after a spell on the sidelines. Asare has been unavailable since picking up an injury during an international friendly against South Korea in November. The setback […]
Development Economist and a Senior Research Fellow at the Institute of Economic Research and Public Policy (IERPP), Dr Kwasi Nyame-Baafi, has accused the Bank of Ghana of allegedly attempting to conceal losses arising from its arrangement with the Goldbod. He expresses the view that the central bank relies on such questionable accounting practices to present its books. This […]
Algeria booked their place in the Africa Cup of Nations (AFCON) last 16 with a hard-fought 1–0 victory over Burkina Faso, a result that underlined their growing confidence and tactical discipline in the tournament. The decisive moment came in the 23rd minute when captain Riyad Mahrez calmly converted a first-half penalty, sending goalkeeper Hervé Koffi […]
The European Union said that, in light of the decision by the WTO arbitrator on 29 October, it was requesting authorization from the DSB to take countermeasures to suspend concessions or other obligations with respect to US goods. Details are set out in WT/DS577/23. The arbitrator had determined that the EU may impose countermeasures on US goods […]
The Pai-Katanga Fire Post in the Oti Region responded to a road traffic collision involving a Scania truck. The truc was reportedly traveling from Benin to Nkawkaw before the incident on Sunday The crew, led by SubO John Justice Kpego, arrived promptly to clear hazards after three occupants had been safely rescued and taken to […]
Per the Bank of Ghana (BoG) rate, the cedi was buying at 11.0945 and selling at 11.1056 to a dollar, per the Bank of Ghana rate on Monday, December 29. The Pound was buying 14.9819 and selling at 14.9980. The euro was buying at 13.0675 and selling at 13.0793. The rate comes on the back […]
For years, the only primary school block in Gbolo Community has struggled to accommodate a rapidly growing pupil population. Originally designed for far fewer learners, the aging structure now houses more than 347 pupils, forcing children to learn in overcrowded classrooms and limiting effective teaching. On Saturday December 27, relief and renewed hope arrived as […]
2025 data points to escalating fuel smuggling in Ghana, driven by high taxes and weak governance, promoting tougher regulatory action amidst concerns of over-organised crime and economic leakage, particularly in the North. Ghana faces potential fiscal losses of GHC 7.2 billion from fuel import issues, including missing documentation and unchecked exemptions, as highlighted by IMANI […]
Honorary Vice President of IMANI Africa, Bright Simons, has explained one of the reasons why the Bank of Ghana’s losses may continue. He cited what he called the tension between commercial logic and policy goals. He explained that a commercial trader will time sales to make the highest gains. GoldBod appeared to time sales to […]
Honorary Vice President of IMANI Africa, Bright Simons, has explained one of the reasons why the Bank of Ghana’s losses may continue. He cited what he called the tension between commercial logic and policy goals. He explained that a commercial trader will time sales to make the highest gains. GoldBod appeared to time sales to […]
Chairman of the Constitutional Review Committee (CRC), Professor H Kwasi Prempeh, has said that some Ghanaians were asking for a seven-year one-term for Presidents during the nationwide consultation. He said this after justifying the recommendation for the five-year two-term for president for president, which, if approved, will shift from the current four-year two-term. “Some were […]
Legal practitioner and political commentator, Austin Kwabena Brako-Powers, has cast serious doubt over the economic credibility of former Vice President Dr Mahamudu Bawumia, arguing that he has lost the public confidence that once positioned him as an “economic messiah” in Ghana’s political discourse. According to Mr Brako-Powers, although political dynamics within the New Patriotic Party […]
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